DP World Launches FTWZ
in Cochin, Kerala
·
Kerala’s
first free trade warehousing zone (FTWZ) and the third DP World Economic Zone
in India.
·
75,000
sq.ft. state-of-the-art facility
·
In
addition to Cochin, DP World has established two more Economic Zones in India,
the Nhava Sheva Business Park (NSBP) in Mumbai and the Integrated Chennai
Business Park (ICBP) in Chennai.
·
These
zones provide customers with a competitive advantage and customized warehousing
solution.
DP
World, a leading global provider of smart end-to-end supply chain solutions
commenced operations of its Cochin Economic Zone. Strategically located within
cochin port premise of Vallarpadam terminal, it is
Kerala’s first free trade warehousing zone (FTWZ) and the third DP World
Economic Zone in India.
DP
World Cochin Economic Zone significantly enhances Cochin Port's capabilities as
it is the first transshipment terminal in India, a
preferred gateway to the south. This 75,000 sq.ft.
state-of-the-art facility seamlessly integrates with DP World's strategic
multimodal logistics network, facilitating efficient connections across India
and global markets. In the heart of Cochin's bustling port activity, DP World
Economic Zone marks a significant leap in its commitment to pioneering trade
solutions. With 67 value-added services seamlessly integrated, businesses gain
unparalleled advantages for their supply chain operations.
Speaking
about Kerala’s first Free Trade Warehousing Zone, Ranjit Ray, Senior Vice
President - Economic Zones Middle East, North Africa, and Subcontinent, said, “We
are happy to unveil the DP World Cochin Economic Zone, an innovative model
located within the port premises, setting a new benchmark among economic zones
in India. Our aim in establishing economic zones is to enhance global trade
opportunities by streamlining supply chains, resulting in cost savings and
seamless connectivity. Our integrated solution in Cochin provides value-added
services, linking ports to the wider supply chain through multimodal
connectivity. At DP World, our dedicated team works tirelessly to create
bespoke warehousing and logistics facilities, committed to delivering value and
an enhanced experience. This facility will not only support EXIM-oriented
businesses but also open doors for global companies to enter the Indian
market.”
DP
World Cochin Economic Zone enjoys excellent connectivity via three National
Highways: NH 66 to Mumbai, NH 544 to Salem and Coimbatore, and NH 85 to
Rameswaram via Madurai. Additionally, it offers convenient rail access within
the port premises, with Ernakulam Junction (South) and Ernakulam Town (North)
railway stations just 5-7 kilometers away. With
Cochin airport located approximately 35 kilometers
from the facility, businesses operating within economic zone benefit from
enhanced accessibility and connectivity.
Operating
within the framework of the SEZ Act, DP World’s Cochin Economic Zone presents
substantial advantages for enterprises engaged in import, export, and trading
activities within India. DP world FTWZ facilitates seamless and convenient
re-export processes, providing unparalleled flexibility and efficiency in trade
operations. It also provides regulatory advantages such as permission for unit
setup without having a registered entity in India, duty-free deferment for
importers, thereby enhancing ease of doing business. DP World Cochin Economic
Zone is poised to become a pivotal hub for trade and commerce, offering
unparalleled synergies and connectivity to Jebel Ali Free Zone (JAFZA) and
beyond. The integration of DP World Cochin terminal with the new economic zone
makes Cochin a world-class trading ecosystem, for now and the future.
In
addition to Cochin, DP World has established two more Economic Zones in India,
the Nhava Sheva Business Park (NSBP) in Mumbai and the Integrated Chennai
Business Park (ICBP) in Chennai, offering 1 million and 600,000 square feet,
respectively. These zones provide customers with a competitive advantage and
customized warehousing solution.